10 May 2021 | 09:55am
StockMarketWire.com - Natural resource exploration and development company Corcel said it had acquired a 40% stake in the Tring Road 50MW gas peaking project outside of Aylesbury from Arlington Energy for £400,000.
The company further announces its intention to explore and discuss with Arlington Energy the potential, subject to agreement on terms, to co-develop and fund additional flexible energy assets in the United Kingdom. The addition of the shovel ready Tring Road project to our existing Burwell project dramatically bolsters our position in the increasingly competitive flexible energy space here in the UK, Corcel said. Corcel and AE have formed an industry standard joint venture to operate the project and will look to jointly arrange funding for the project over the coming months, targeting financial close later in 2021, it added.
Mon, 10th May 2021 10:19
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.
AIM - WINNERS
Corcel PLC, up 16% at 1.89 pence, 12-month range 0.7p-2.42p. Buys 40% stake in shovel ready Tring Road 50 megawatt gas peaking project outside of Aylesbury, England, from Arlington Energy Ltd. Purchase consideration is GBP400,000, to be satisfied by GBP150,000 in cash and 12.0 million new shares. This is a highly significant milestone for Corcel. The addition of the shovel ready Tring Road project to our existing Burwell project dramatically bolsters our position in the increasingly competitive flexible energy space here in the UK, says Chief Executive Scott Kaintz.
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A look at some of the major movers in London on Monday
Amino Technologies PLC (LON:AMO) fell 5.9% to 151.5p after it revealed it has submitted a bid to acquire the trade and assets of MobiTV.
The media technology company said that if it is successful in its bid for MobiTV – a US live and on-demand TV platform provider – would establish a TV as a service (TvaaS) infrastructure capability in the USA for Amino.
As well as the purchase cost, the acquisition would require “significant investment” over a 6-12 month period to develop organically.
1.35pm: Superdry co-founder s stake dips below 7%
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